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MARKET POWER, ECONOMIC EFFICIENCY, AND THE LERNER INDEX

MARKET POWER, ECONOMIC EFFICIENCY, AND THE LERNER INDEX

FARE ROLF / SHAWNA GROSSKOPF DIMITRIS MA ROLF FARE

89,45 €
IVA incluido
Disponible
Editorial:
World Scientific Publishing Co Pte Ltd
Año de edición:
2024
Materia
Macroeconomía
ISBN:
9789811285929
89,45 €
IVA incluido
Disponible

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Sobre IBD

The book uses distance functions, a generalization of the more familiar production function, as the theoretical and empirical tools to construct Lerner indexes of market power in both the input and output markets. The use of distance functions enables us to explicitly account for the effects of firm inefficiency and price markups in the evaluation of market power. The book focusses on the theory and provides a menu of applications to construct measures of firm efficiency and market power in the financial and public sectors.

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